Iconic department store flagship survives, still could close
The famed store isn't shuttering just yet, but the saga is far from over.
There's a reason so many retailers have permanently closed their doors in the past few years.
The pandemic did a number on the industry, and many retailers failed to fully recover from the events of 2020. Not being able to serve customers in person for a period of time hurt numerous popular chains to the point where they couldn't be saved.
